Home Credit Ratings and Research S&P Global Ratings’ Credit Research New Jersey Hlth Care Facs Fincg Auth

Summary: New Jersey Hlth Care Fac Fin Auth; Pf Structured, Letter of Credit

Published Dec 04, 1997

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Abstract:

The long term component of the rating on New Jersey Health Care Facility Finance Authority's bonds, issued for Christian Health Care Center, is based jointly on Christian Health Care Center (currently rated 'BBB') and a direct pay LOC issued by Valley National Bank. The short term rating component is based solely on the LOC. The LOC expires January 2005, seven years after the closing date, unless extended or earlier terminated according to its terms. The LOC covers principal plus 50 days' interest at a maximum rate of 12% for the bonds. The bonds will be offered in the weekly mode and may be converted to daily, unit pricing, term rate, and fixed rate modes. Holders may tender bonds in daily

Report Type:

Summary

Issuer

New Jersey Hlth Care Facs Fincg Auth

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: New Jersey Hlth Care Fac Fin Auth; Revenue - Health Care, Hospital – 1997/12/10 – US$ 225.00

Summary: New Jersey Hlth Care Fac Fin Auth; Revenue - Health Care, Hospital – 1997/12/15 – US$ 225.00

Union Hosp&Mega Care, NJ's Bnds Downgraded by S&P – 1997/12/30 – US$ 150.00

S&P Afms NJ Hlth Care Fac Fin Auth,NJ/Beth Israel Hosp – 1997/12/02 – US$ 150.00

S&P Afrms NJ Hlth Care Fac Fin Auth/West Hudson Hosp – 1997/12/02 – US$ 150.00

Medical Center at Princeton Rev Bnds Rtd 'A' by S&P – 1997/12/01 – US$ 150.00

S&P Rts NJ Hlth Care Fac Fin Auth/Capital Hlth Sys – 1997/12/01 – US$ 150.00

Rahway Hospital S&P Outlk Revised to Neg;Rtg Afrmd – 1997/11/26 – US$ 150.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:	S&P Global Ratings’ Credit Research. "Summary: New Jersey Hlth Care Fac Fin Auth; Pf Structured, Letter of Credit" Dec 04, 1997. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-Jersey-Hlth-Care-Fac-Fin-Auth-Pf-Structured-Letter-of-Credit-123043>

APA:	S&P Global Ratings’ Credit Research. (). Summary: New Jersey Hlth Care Fac Fin Auth; Pf Structured, Letter of Credit Dec 04, 1997. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-Jersey-Hlth-Care-Fac-Fin-Auth-Pf-Structured-Letter-of-Credit-123043>

US$ 225.00

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